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Personal Injury Compensation - How to Get the Compensation You Need
It is normal to worry about your finances when involved in an accident. This is particularly true if you're involved in serious injuries.
Fortunately, there are ways to receive compensation for your injuries. This includes economic damages as well as non-economic damages such as pain and suffering.
Economic Damages
If you sustain an injury because of negligence by another party you are entitled to financial compensation. This compensation is meant to help you return to your life prior to injury.
In personal injury cases there are two kinds of financial damages you could receive: non-economic and economic. The former is intended to compensate you for the financial damages resulting from the accident, whereas the latter is designed to compensate you for the emotional trauma that your accident has caused.
In many instances, a jury or judge will award the victim with economic damages to make up for their lost wages, medical bills and rehabilitative care, along with property damage costs such as repair and replacement. The damages in this category are specific in that it may be documented through receipts as well as pay stubs, bills and receipts.
Negligent behavior by a defendant can result in a variety of economic losses. These include:
- Loss of Earning Capacity
When a victim is injured and unable to work, their earnings could be significantly affected. personal injury law firm mission viejo could be forced to find a job that pays less or even be permanently disabled.
Future earning capacity
This factor can be difficult to estimate because it depends on the victim's age, the industry and the current trend at the moment of the incident. A person might be young and their career that is growing, or they may be 58 years old and have a full retirement plan in front of them.
Past Earning Capacity
This presents a challenge to jurors since it requires an in-depth analysis of the victim's work history and future earnings. For example, a victim could be a recent graduate with a promising career path in engineering.
The victim could have lost their earnings along with other expenses such as medical bills, car repairs, or out-of pocket costs for medications and therapy.
These expenses can add up to a substantial amount of money. Adding up all these expenses to figure out what your economic damages might be will allow you to get a fair settlement.
There are many factors that affect the exact amount of your financial damages, which is why it is important to consult with an experienced personal injury lawyer who knows how these damages can be determined and determined. Your lawyer will be able to provide you with a list of all your current and future economic losses, and also seek experts who can establish the value of these losses in the course of making your compensation.